As I wrote about in my first piece, I have an extreme distaste for trickle-down economics. As a student of multiple economists in college, I’ve been able to do my research and reading into the topic and it has become a point of emphasis in my life. I see it everywhere I look, I see the problems it creates/perpetuates, and imagine what life could be like if we got rid of this backward philosophy once and for all. Trickle-down theory introduces market inefficiencies that hinder the ability of a government to provide for the people and lead a productive society.


The Debt Crisis began around 2001 at the hands of George W. Bush. Bush cut taxes on the upper class, amounting to a $1.4 trillion loss while subsequently increasing military spending for the war in Afghanistan and discretionary spending, totaling $3 trillion more for a net of $4.4 trillion in debt. Since then, the bank bailouts under Obama, COVID relief under Trump and Biden, and ever-expanding military budgets ballooned the number to the $28 trillion that stands today. While the national debt is a result of spending more than the U.S. …


In the field of economics, there’s a saying that goes something like “There is no such thing as a free lunch.”, commonly abbreviated TINSTAAFL. Regardless of how communist, socialist, or capitalist an economy may be, the statement is true. You will never be able to get something for nothing, and if you are given something for nothing, the person that gave you something had to work for it. In the highly-specific TINSTAAFL case, lunch may not be an extravagant meal but, work is required to make any lunch (turning grain into bread, processing turkey from the bird to the lunch…


As much as I wish I could talk about the Evergiven jammed in the Suez Canal for meme and comedy purposes, I need to talk about Amazon. In the likely event that the ship is still stuck in the Canal the next few days, I’ll write a short piece about that, but right now, what’s happening at Amazon is just part of a broader crisis within capitalist economies. The outcome of the Amazon situation can change the way businesses operate in the short- and long-terms. …


No, Bernie Sanders isn’t raising your taxes for the hell of it.

Higher taxes are a dire necessity for Ethanomics supported programs like the Green New Deal, Medicare for All, and Universal Postsecondary Education. These programs do not come free because doctors, teachers, and innovators whose jobs would become nationalized still require salaries to keep working and compensation sufficient to not switch for a less stressful/lower implication career. When I advocate for higher taxes, there is a fair chance I do not want to raise your taxes, and as a matter of fact, there’s a chance you could save money with a more progressive tax structure to fund these programs. …


Meme credits to @noname on Twitter.

This edition of Ethanomics is about one of my favorite topics: economic systems. Economic systems are highly stigmatized, especially in America. These stigmas lead to biases and opinions used as a basis for policy rather than theory and historical evidence. Before I get too far into why American politics are creeping towards socialist policy, it is crucial to understand what socialism, communism, and capitalism are, the connotations behind each, and modern policy examples of each.

For starters, capitalism in its purest form is extreme freedom, manipulation, and insufficient economic regulation. There aren’t many places on Earth that can boast a…


I’m back with a mid-week (surprise?) article for those of you that read Ethanomics. As a college student, this issue is relevant to my peers and me and will forever be. I know my feelings on the subject are far from unique, and I would go as far as claiming my feelings are shared with an overwhelming majority of students and young professionals.

INTERNS NEED TO GET PAID! AND PAID A FAIR WAGE!

I’m not just another entitled millennial/gen-z who wants to forgo their right of passage and get straight to the salaried benefits experienced by many in adulthood. Unpaid…


Here are some links relevant to the article but I couldn't find a place for:

1. https://www.reuters.com/article/us-usa-minimum-wage/majority-of-americans-support-15-minimum-wage-reuters-ipsos-poll-shows-idUSKBN2AP2B9

pretty much summarizes how popular a $15 minimum wage is (59% support, 34% oppose, 7% no opinion).

2. https://www.epi.org/publication/wages-and-transfers/

a longer read that shows a minimum wage increase to $12 saves the federal gov $17 billion in expenses and lifts over a million people out of poverty.


The talk of the town this week has been the proposed minimum hourly wage hike to $15 that passed the House but got shot down in the Senate. Although the relief bill still has hope, it is now impossible to have a minimum wage increase included. I have strong feelings about the politics of it all, but because this is Ethanomics, I’m going to stick to the economics of a $15/hr minimum wage in this article. Before I start, keep in mind two things:

  1. Employees outnumber employers (by a lot)
  2. There is a strong correlation between wealth and employers and…


As a student, worker, and most importantly, citizen of the United States and the world, I’ve become more and more aware of inequality, injustice, and gross negligence displayed by the United States government. I’m ashamed that it took one of the worst presidencies in American history for me to realize that but as the U.S. turns the page onto the Joe Biden presidency I seek to become more active in the political realm with my view on economics. My goal isn’t to one day have Joe Biden or any subsequent president base their economic policy off of what I think…

Ethan Snider

If you hate trickle-down economics and love pages whose names are puns, this is the place for you.

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